As I See It: Insult to Injury
September 29, 2008 Victor Rozek
After the Fed bailed out AIG with 85 taxpayer billions, William Greider said something that caught my attention the way a near-death experience does. Greider is no blowhard. He is a serious journalist with a deep understanding of the backroom workings of the economy. Among other things, he’s written a weighty volume about the inner-working of the Fed called Secrets of the Temple. He knows of what he speaks. In the aftermath of the AIG bailout Greider wrote: “For the first time in this unfolding financial crisis, I felt personally scared by the news. Not about my money, but |